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Business/Company
Chairman Chung Joon-yang of POSCOChairman Chung Joon-yang of POSCO said the steelmaker will try to increase its operating profit 2 percent more than its closest rival steelmakers this year through the development of new steel products and cost cutting mixed with global total solution marketing under…
Chairman Chey Tae-won of SK GroupChairman Chey Tae-won of the SK Group said the group should invest more and create more jobs when the economy is going badly to put it on the right track for growth through aggressive management.During his New Year meeting with the group's key executives on Jan. 3, t…
Lotte Group Chairman Shin Dong-binLotte Group Chairman Shin Dong-bin unveiled a plan to raise its annual investments by 40 percent in a meeting with reporters following a New Year meeting of businessmen at the Korea Chamber of Commerce & Industry (KCCI) on Jan. 5.Later, the group officially anno…
Hyundai Motor Group Chairman Chung Mong-kooHyundai Motor Group will invest 14.1 trillion won this year into the group, up 15.6 percent from 12.2 trillion won last year, the group said recently. The huge increase in investments reflects Chairman Chung Mong-koo's idea that investment should be increas…
Chairman Lee Kun-hee of Samsung GroupSamsung Chairman Lee Kun-hee in his address at the group's New Year ceremony held at Hotel Shilla in Seoul on Jan. 2, said the group will do all it can for the good of society as a member of society, since its power derives from society.The top executive of the n…
Minister Rim Che-min of the Ministry of Health & Welfare delivers his speech at a ceremony to launch the ministry's 2012 business year.Minister Rim Che-min of the Ministry of Health & Welfare (MW) said, "The government will push ahead with measures to address health, medical, and social welf…
Minister of Knowledge Economy Hong Suk-woo attends a meeting with the nation's top 30 business group leaders at the Seoul Renaissance Hotel on Jan. 13.The nation's top 30 conglomerates have decided to set aside a combined 151.4 trillion won in investments and create 123,000 new jobs during this year…
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Policy/Politics
South Korean President Moon Jae-in delivers his maiden speech at the UN General Assembly in New York on Sept. 21. How can North Korean leader Kim Jong-un’s nuclear arms ambitions be stopped? Is it possible that the United Nations Security Council’…
Gov. Choe Heung-sik of the Financial Supervisory Service.(FSS)(Photo: FSS)Gov. Choe Heung-sik of the Financial Supervisory Service (FSS) stressed at his inaugural ceremony on Sept. 11 that the Financial Supervisory Service will perform its services c…
Dir.-Gen. Sohn Myung-soo of the Railway Bureau of the Ministry of Land, Infrastructure and Transport. Director-General Sohn Myung-soo of the Railway Bureau of the Ministry of Land, Infrastructure and Transport said in a recent written interview with…
Chairman Choi Jong-ku of the Financial Services Commission (FSC) will try to cut the maximum interest rate on defaulted loans, now standing at 14 percent per year. He also plans to make insurance firms to make payments to those who have yet to see …


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